The Insurance (Fees) Regulations 2001

Statutory Instruments

2001 No. 812

INSURANCE

The Insurance (Fees) Regulations 2001

Made

8th March 2001

Laid before Parliament

9th March 2001

Coming into force

1st April 2001

Whereas the Treasury have had regard to the object of securing (so far as practicable) that the amount of the fees payable under section 94A of the Insurance Companies Act 1982(1) in the period of twelve months beginning with 1st April 2001 by insurance companies and the Council of Lloyd’s is equal to the cost likely to be incurred in that period by the Treasury in exercising the functions specified in regulation 10 of these Regulations;

Now, therefore, the Treasury, in exercise of the powers conferred by sections 94(A)(1), (3) and (6), 96(1)(2) and 97(1) and (2) of that Act and now vested in them(3), hereby make the following Regulations:

(1)

1982 c. 50; section 94A was inserted by the Insurance (Fees) Act 1985 (c. 46).

(2)

See the definition of “prescribed”.

(3)

References to the “Treasury” were substituted for references to the Secretary of State in sections 94A and 97(1) of the Insurance Companies Act 1982 by article 8 of, and paragraph 51 of the Schedule to, the Transfer of Functions (Insurance) Order 1997 (S.I. 1997/2781).